Paymob secures $35M pre-Series C led by Mubadala and EBRD

Paymob , a dominant payments infrastructure provider in the Middle East and North Africa (MENA), has closed a $35 million pre-Series C funding round. The investment was co-led by Abu Dhabi-based sovereign investor Mubadala Investment Company and the European Bank for Reconstruction and Development (EBRD). The round also saw participation from a robust syndicate of global backers, including British International Investment (BII), Global Ventures, and DPI Ventures.